Dual Qualification in IFQ & Executive Diploma in
Islamic Banking & Finance

FGA-CISI Dual Qualification Program

This 12 week Dual Qualification program is a 2-in-1 opportunity for you if you’re planning to make a splash entering the Islamic banking and finance sector. Get your Islamic Finance Qualification (IFQ)Executive Diploma in Islamic Banking & Finance (EDIBF) – all in 12 weeks by enrolling in our Dual Qualification program.

The Islamic Finance Qualification (IFQ) that we offer in collaboration with the Chartered Institute for Securities and Investments (CISI-UK) covers Islamic Finance from both technical and Shari’ah perspectives while helping you get a deep understanding of the influence of Shari’ah in a business context in banking and finance contracts and understand the basic products of Islamic banks including major asset and liability products. The Executive Diploma in Islamic Banking and Finance (EDIBF) covers 10+2 modules consisting of 20 chapters covering everything from the basics and fundamentals to advanced Islamic banking and Finance topics in detail. 

By enrolling for the Dual Qualification program you get to learn from an industry practitioner with more than three decades of practical experience and international exposure and benefit from guest appearances from prominent figures in the Islamic banking and finance industry throughout the sessions.

IFQ & Executive Diploma in
Islamic Banking & Finance

Key Topics Covered in the Sessions

The Dual Qualification program covers an entire gamut of topics that we know will give you a competitive edge in the present job market – whether you are looking to enter the industry as a newcomer or looking to move up the professional ranks by up-skilling yourself, the Dual Qualification program can help you get the mileage you need.

  • An Introduction to Islamic Banking and Finance
  • Islamic Principles of Exchange
  • Basic Contracts & their treatment
  • Basic Techniques applied by Islamic Banks
  • Islamic Asset, Wealth & Fund Management
  • Sukuk & Capital Market
  • Islamic Insurance – Takaful
  • Islamic Risk & Corporate Governance
  • Islamic Vs. Conventional Banking – Operations
  • Islamic Retail, Corporate & Investment Banking
  • Islamic Finance in a Digital World

You can benefit from the DQ if ...

Just like we mentioned above – there’s no strict guideline on what previous qualifications you need in order to be able to partake in this program. Whether you are just finishing up studies and are looking for extra qualifications to give you an edge in the job market, or you are looking to climb further up the corporate ladder, the range and scope of topics explored in the DQ Program will work for you as it covers everything from the very basics to much advanced and complex topics in detail – with an emphasis on practical applications and real life scenarios.

Dual Qualification - IFQ + EDIBF - In a nutshell

How is the content delivered?
All live lectures of these sessions are conducted in a fully digital/virtual setting via Zoom – lesson materials, quizzes and final exams are conducted and submitted via the student portal.

How long do these sessions last for?
The Dual Qualification is a 12 week program with a one live lecture per week. You will need to allocate time for studies and exam preparation in order to successfully complete.

Do you issue a certificate?
Completing this program entitles you for the IFQ and EDIBF certificates from FGDA, and an IFQ certificate from the CISI + ACSI Membership.

What is my investment?
The 12-week program which will be conducted by a panel of industry veterans will cost you USD 850 – a USD 200 saving on obtaining the two qualifications separately.

Your Instructors - Dual Qualification Program


MIT-Muhammed Ikram Thowfeek
Founder, MIT Global Group

MIT-Muhammad Ikram Thowfeek is one of the very rare and unique Islamic finance personalities in the industry. Teaching Islamic finance on various topics is his passion and have taught more than 5000 Islamic finance students globally over the last three (3) decades. He is a Chartered Accountant by profession and an Islamic Banker and Ethical Entrepreneur by practice.

While MIT is driving the Dual Qualification program as the lead instructor – there will be special guest appearances from industry veterans to share insights and practical experience into various topics and aspects of the course in the form of live Q&A sessions and more.


We at First Global Academy are on a mission – a mission to groom one-million Islamic finance specialists and ethical entrepreneurs in this decade (2021-2030) by providing affordable, high-quality, practical education, training, career development and thought-provoking programs physically and virtually. The programs are accessible by students, bankers and professionals from all faiths and beliefs anywhere in the world, anytime at their own convenience, whilst keeping pace with technological advancements, new trends and developments to build a society inspired by ethical values.
  • We give you way more than just theoretical knowledge
  • We have the best practitioners who have spent decades in the industry and have years of wisdom and knowledge
  • We give you a hands-on approach to how Islamic Finance works – we guide you on the theoretical knowledge, but also show you how to apply that to real-life scenarios and problems.

Benefits of Enrolling with the FGDA

World-class Mentors
Subject Matter Experts and industry practitioners will be taking up the webinars on a regular basis, as per the schedule.
Ofqual Approval
The IFQ pathway is regulated by Ofqual (The Office of Qualifications and Examinations Regulation). Ofqual regulates qualifications, examinations, and assessments in England.

CISI Membership

If you are not currently a CISI member you will receive free CISI Student membership whilst you study and have access to a wide range of benefits.
“Be One in a Million”
Get Virtuoso Club membership – a network we are nurturing and building consisting of like minded ethically oriented banking and finance professionals.

FGDA Membership ‘Be One in a Million’

Get free access to:

  • MIT Suite: Blog, Podcast, Talks & Videos
  • eBooks/digital content
  • One-year free subscriptions to the ISLAMIC FINANCE TODAY (IFT) Digital Magazine
  • Premium monthly Webinars
  • Paid Public Lectures and Programs conducted periodically, physically & virtually
  • All conferences, workshops & seminars (both physically & virtually)
  • Online Quizzes, Puzzles, and other competitions to win fabulous prizes
  • Be an Affiliate and Earn by introducing a buddy, relative, colleague to follow FGDA Programs

Islamic Finance

Islamic Banking and Finance is a centuries old practice with its roots running back 1440 years – however, the first modern approach into Islamic Banking and Finance did not happen until 1975. Today, Islamic Banking and Finance sector is a global success story, managing funds in excess of 2 trillion US Dollars.

With educational institutes introducing Islamic Banking qualifications as mentioned earlier, competition among them is increasing rapidly to partake in this multi-trillion dollar industry. Imparting and nurturing new talent for the corporate and entrepreneurial world is what it will take to survive and thrive in this race. There is ample room for growth and new-players if we are to market Islamic Finance to the masses under the moniker of ‘valid and applicable to people of all faiths and beliefs’.

Frequently Asked Questions

There are various options to pay at your own convenience.

  1. Cash – You can come to our office and pay cash and get a receipt
  2. Direct Bank Transfer – You can transfer the funds to our First Global Academy Bank Account and share the copy to the transfer slip and get it acknowledged, followed by access to the Portal.
  3. You can pay digitally, using your Debit/Credit card.

Yes, if you need some time to pay for. You can select to pay in two instalments. Since this program will run upto 8-10 weeks – to start and finish.


Not for this IFQ Program. But if you are one of the students following the Dual Qualifications Program, then you have to do projects on your own and submit. All details of the project will be shard under that program.

Most of the interaction will happen on and during the weekly webinars, our lectures are very interactive and you will often find yourself participating in question and answer sessions and we give plenty of opportunity to our students during the sessions to ask any and all questions they have and clear up any confusion they might have before moving on.

We currently give our students access to two mock exams – 50 Questions picked from our question bank, with the option of trying it with 3 attempts.

Weblinks for the webinars will be shared with you on a weekly basis. You will gain access to all other educational materials + extras via the student portal and the website.

This is unfortunately not possible as the e-learning standards we adhere to require one account per student to track progress and maintain educational integrity.

A stable internet connection with a mic and webcam will be needed. You will need Zoom to access the weekly webinars.

We will send you the account login details once the payment information is verified – you can use this login info by clicking on the login button on the banner of our homepage to gain access to the student portal.

The content of the pathway will be conveyed via weekly webinars with access to educational collateral provided through the student portal of the website.